A Wall Street Journal expose of PG&E’s willful failure to maintain its transmission lines, directly tied to California’s most lethal fire, led a judge to demand answers.
Read more...A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...The beginning of an end for Deutsche Bank.
Read more...Financial shocks matter more than US monetary policy. Domestic policies may still mitigate the cycle of global capital flows at the country level.
Read more...Rather than a unified mass transition out of London to another singular hub, the financial industry is using Brexit as an opportunity to diversify. And lawyers are moving to Dublin.
Read more...Trust issues with Facebook’s Libra for users, regulators, and technically. And is Facebook seeking to become a sovereign?
Read more...Italy is again threatening the Euro via a plan to introduce a parallel currency, the mini-BOT. Will this idea finally push the Eurozone to make overdue reforms?
Read more...The ECB is concerned that the latest fix for bad loans still leaves banks in a weakened state.
Read more...A recap of the issues surrounding the Finance Curse, the advanced economy economy analogy of the resource curse.
Read more...Latest news in the War on Cash: the problem of cash deserts in the UK – areas abandoned by banks, for economic reasons, and that lack ATMs. These tend to be rural areas, or areas of economic deprivation.
Read more...Contrary to what the NYT asserts, taxi drivers who can get competent legal advice might find bankruptcy allows them to escape onerous medallion loan burdens – and keep their medallions.
Read more...Ocasio-Cortez and Sanders introduce legislation: they call it Loan Shark Prevention, which would allow post offices to act as banks and cap interest rates at 15%, but credit card companies claim it would hurt the poor.
Read more...Facebook wants to become a big payments system player. Good luck with that.
Read more...A discussion of using bank lending as a way to tackle climate change.
Read more...More MMT for people in a hurry.
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